Apple (AAPL) Stock Dips on Report It Expects Flat iPhone Production This Year
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Apple (AAPL) Hikes Staff Salaries, Starting Hourly Wage Goes to $22 From $20
May 26, 2022 6:31 AM EDTApple (NASDAQ: AAPL) is planning to hike wages for its employees amid a period of record-high inflation and a troubled labor market.
Apple sent an email to employees telling them it is boosting its total compensation budget, increasing the starting hourly wage for its U.S. workers to $22, or more, depending on the market. The wage hike marks a 45% increase... More
These 7 Mega-cap and Large-cap Tech Stocks are Under-owned by Major Institutional Investors - Morgan Stanley
May 25, 2022 9:25 AM EDTMorgan Stanley analyst Erik Woodring notes that several mega-cap tech stocks are under-owned by major institutional portfolios.
The research showed that the spread between active institutional ownership and S&P 500 weighting for the largest technology companies (by market cap) AAPL, AMZN, FB, GOOGL, and MSFT was -80bps exiting 1Q22, while it was +22bps for the rest of large-cap tech.
Mega-cap... More
Apple (AAPL) Reportedly Behind Schedule in Development of the New iPhone, Analyst Cuts Price Target on Risk to June Quarter iPhone Revenue
May 25, 2022 6:01 AM EDTApple (NASDAQ: AAPL) has asked its suppliers to expedite iPhone development after strict lockdown measures in China impeded the schedule for at least one of the new iPhones, according to Nikkei Asia.
China introduced new lockdown measures a few months ago as a part of its zero-COVID policy, which forced iPhone manufacturer Pegatron Corp. to temporarily shut down operations at its Shanghai and Kunshan assembly plants.
Some parts of Shanghai, Chinas most populous city, still remain under lockdown as the countrys government intensifies its quarantine efforts.
Apple is... More
